British American Tobacco ( (GB:BATS) ) has issued an update.
British American Tobacco announced the repurchase of 109,000 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG, is part of the company’s strategy to manage its capital structure and return value to shareholders. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially impacting shareholder voting rights and interests.
More about British American Tobacco
British American Tobacco p.l.c. is a prominent player in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on maintaining a strong market presence globally, adapting to regulatory changes, and exploring new product categories to meet evolving consumer preferences.
YTD Price Performance: 9.90%
Average Trading Volume: 5,374,223
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £69.52B
See more data about BATS stock on TipRanks’ Stock Analysis page.